Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Employee Retention Credit-Reducing wages reporting in ProSeries

emiller
Level 1

I have a client with only officer salaries in an S Corp. I need to reduce wages by the Employee Retention Credit. I initially entered the true gross of 40k in the office salary box, then entered the 5k in the other credits line in the wages smart worksheet. However, since I have no other wages, I am getting a diagnostic error. Should I just reduce the officer's salary to 35k and move on?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
dkh
Level 15

That's what I would do. No other choice really.  

0 Cheers
JoniIsner
Level 2

I don't believe owners qualify for ERC... you may want to check on that